Minister Caines in London to Discuss Bermuda’s Fintech Strategy With Business Industry

National Security Minister Wayne M. Caines, is currently in the UK this week to share Bermuda’s Fintech Strategy with London’s key industry influencers.

The Minister’s discussions regarding Bermuda’s Fintech Strategy are considered timely as the Government recently tabled landmark legislation regarding the regulation of Initial Coin Offerings (ICO). The next Bill to be tabled will be the Virtual Currency Business Act, which will set out the regulatory infrastructure that will govern Virtual Currency Digital asset Exchanges.

Minister Caines said today, “There continues to be considerable interest both locally and internationally about what Bermuda is doing in the areas of blockchain technology and virtual currency. We believe that Bermuda will become a global leader in the Fintech space. So, this visit is quite timely as it allows us to share Bermuda’s Fintech Strategy directly with some of London’s key business industry influencers.”

A primary focus of the Minister’s visit, will be his presentation of Bermuda’s Fintech Strategy at the Mishcon De Reya law firm to industry stakeholders.

Additional scheduled engagements include a meeting with the City of London Corporation, a Crypto Seminar, attendance at the CHOGM Business Forum, a meeting with UK Treasury Officials who specialise in UK Fintech, and a meeting with the Financial Conduct Authority for a Global Sandbox. The Minister will also attend a meeting hosted by the Business Development Agency (BDA).

While in London, it’s anticipated that Minister Caines will also meet with select members of the British Parliament. He will also conduct media outreach before returning to Bermuda on April 22, 2018.